Poland continues actively purchasing Ukrainian soybean oil

Soybean oil exports from Ukraine reached 20.2 KMT in November 2016 against 7.6 KMT in October 2016 and 14.3 KMT in November 2015. This volume of exports is record high for the given time of year, reportsUkrAgroConsult.

Having built up outlet market capacity, Ukraine managed to export a record 41.5 KMT of soybean oil in the first three months of 2016/17 that is up 10% from the same period last year (37.8 KMT).

According to UkrAgroConsult, Poland remains the top importer of Ukrainian soybean oil this season. The country boosted purchases to 14.7 KMT (37% of total exports). At the same time, considerable gains are observed in supplies to India (32%), Saudi Arabia (12%) and Iran (7%). These countries have become key importers now. China slashed soybean oil imports from Ukraine to 3.0 KMT against 22.3 KMT a year ago.

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